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Bloomberg
Dec 6, 2013 3:00pm EST
, sub standard healthcare policies to driving a ford focus. said they both get the job done. explain this metaphor. that?o you mean by >> well, what i was saying was i low-priced car when i was at the white house. that's all i needed. it served me very well. and if you deemed that car to be substandard, you'd be verynating a lot of qualified vehicles from the road. now, the question is when you talk about healthcare, which want to disqualify? so when the president said that he wanted to make sure that we substandard healthcare plans, in fact, what he was doing was probably going in the wrong direction. mostlans that are effective for the economy are those that insure catastrophic , ensure the kinds of things that people can't cover and need insurance for. be bare boness to plans. but they're very efficient. they tend to keep the cost of becausere down individuals then bear the cost of their own healthcare. go and have a plan that has lots and lots of frills and overs everything, people use that. one statistic -- i know you're out of time. statistic. if you look at switzerland and com
FOX Business
Dec 2, 2013 1:00pm EST
insurers hoping to bypass the healthcare.gov website. will private business save obamacare? ashley: offering that hilton hotels is about to float. tracy: got to have it. our week-long series begins with the ceo of rue lala and ham macher schlemmer. ashley: look how oil is trading after being under a lot of pressure first day of the week, starting to come back a little bit. we'll be right back. she loves a lot of the same things you do. it's what you love about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms obph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects
PBS
Dec 2, 2013 6:30pm PST
that shoppers splurge. >>> and the government saying that the healthcare.gov website is better. but insurers say big problems still persist, all this for december 2nd, 2013. >>> good evening, the numbers on the first day of trading in december, not the kind of numbers the investors were expecting for the stock market. the dow is now back to the 16,000 market and the s&p index stands at exactly 1800. so why the selloff? some blame it on the down sales which pushed up the major retailers, not even encouraging economic data seem to help, the stronger growth in u.s. manufacturing in october. looking at the closing numbers, dow fell 77, s&p lost about five points. >>> susie, also not helping stocks today, comments from a nobel prize winning economist, he says the u.s. stock market is looking bubblicioush, that was not the exact word but it was his message, he sees the world as very vulnerable to bubbles, and not just in stock prices but in property markets, as well. he called the u.s. economy still weak and vulnerable. he says technology and financial sector stocks seem most stretched. he still sees
PBS
Dec 6, 2013 7:00pm PST
for the healthcare.gov website. they concede during october and november, about one out of over four transactions sent incorrect information from customers to their new insurance carriers. officials now say those numbers are preliminary, not precise and that the error rate is down in one to ten. >>> 18 shopping days until christmas. this is the height of the holiday shopping season, and some well-known retailers know exactly what their putting on their christmas list. courtney regan explains. >> reporter: some retailers are hoping for more than just a strong holiday season. they are asking santa for a new ceo for christmas. it's been six months since lulu lemons ceo said she's retiring once a successor was found. still looking. this summer, j.c. penney began its search to find a permanent ceo to take over for mike olman. the board members changed and the ceo search is on going. abercrombie and fitch may not be looking to replace mike jeffires but engaged capital think it should. even though it may be expensive for the company to cut ties with jeffreys. it's about matching need to skill. the trick
FOX Business
Dec 9, 2013 6:00pm EST
. but it doesn't usually work that way with health care. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates, so we can ke better health decisions. that's health in numbers. unitedhealthcare. gerri: don't get swindled by charity scams and poorly run charities. we are helping you track your donation dollars and 60 seconds. gerri: the worse charities in america are pocketing ordination dollars. so how do you donate wisely? president and ceo of charity navigator joins me now with answers. you say this time of year, 40 percent of the dollars that go to charities, and the front door. you have to be careful about how you give because of rosters are out there. big questions of crowd funding. tell us about that? >> a hundred billion dollars, and that 40 percent. a phenomenal amount of money. it's where people come together. there is an issue. fahey it's a disaster. sometimes they are good if they have a track record and have been around for a few years. but in disasters in certain situations they crop up with a track record and people use something
FOX Business
Dec 6, 2013 7:00pm EST
with healthcare.gov. they now say that the site fails just about 10 percent of the time. back in october that failure rate was 25%. government officials also say over three and a half million consumers visited the site from midnight sunday antonin today, but the obama administration still will not tell us what the november enrollment numbers are or how many people actually have insurance. insurers are still complaining that the healthcare applications that they do receive are riddled with errors. and the house energy and commerce committee releasing new e-mails showing that administration officials knew that they need to delay the health care exchange for small businesses as early as august, but it was not until six weeks later on september 26 that the administration actually announced that it was delaying the on-line portal for small business. energy and commerce committee chairman fred upton said, about that revelation, as the paper trail broadens, we see more and more evidence that the administration was fully aware. its signature health care law was not ready for prime time. the docu
Bloomberg
Dec 9, 2013 8:00am EST
are not jetlagged, are you? we are going to walk through some of the top stories. we are all over healthcare.gov. iter the dub octal when first was initiated, it has come back. about one million people have visited the site since september 2. today is the deadline for lawmakers. >> they have a dose of their own medicine. i thought it was very telling on cyber monday. the walmart site had problems. at the same time -- i am not sure which is worse. areome of the lawmakers getting an ugly surprise, including john boehner. he said that the premiums would double. co-pays are going to triple. that is what he said. he says he is thrilled to death, sarcastically. payingas talking about the penalty options. i did not think that was a joke. >> we're going to be all over that, as i mentioned. mcdonald's is reporting their november sales. alix steel is in the newsroom with more. we know they had a tough time in october. >> n did not seem to fare better. globally, sales rose about 5/10 of one percent. that is shy of estimates. it does not look too bad. behind the numbers, they were down 8/10 of one perce
FOX Business
Dec 2, 2013 4:00pm EST
healthcare.gov for example, and the way that was rolled out and everything, does it make you concerned about government program that is taking over 1/6 of the economy? >> you know i was guy gave mitt romney idea of universal health care in massachusetts where it has worked. when i read the obama plan, even if implemented perfectlyan, can't work. needless to say implementation has been anything short of perfect. so you got a bad plan, badly implemented and now what you got is an absolute mess and i have no idea how the president the administration will get their way out of it. david: and you look at some of the stats, by the way, walmart.com processed nearly 400 million page views on thanksgiving day. whitehouse.gov is bragging about the fact that they have 375,000 in a day. again, the more hits that healthcare.gov has, the more screwed up the whole system is going to become. how does it end? >> wealth fact of the matter is, people get there, they think they have signed up. weeks go by. they don't get an insurance card. they call up the carrier and carrier has never seen an application becaus
FOX Business
Dec 9, 2013 4:00pm EST
't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event s back, with the perfe vehicle that just right for you, no matter which list you're on [ santa ] ho, ho, ho, ho! [ male announcer ] get the all-new 2014 cla250 starting at just $29,900. cheryl: well the home carbonation maker soda scream is it making a come back after earlier losses. nicole petallides on floor of the new york stock exchange. nicole. >> soda stream was an interesting stock to watch because it was under some pressure. late in the day it got a pop and managed to finish higher today when most of the news seemed negative. the stock was up about 4.5% and closed at 55.76. however, let's start with what we know for a fact. long boat research c
CBS
Dec 5, 2013 6:00am PST
healthcare.gov website is working. it's now time for americans to enroll in a health insurance plan. but the group the white house most wants to sign up is the hardest sell. the white house needs millions of healthy young adults to sign up to make coverage affordable for everyone else. a new harvard university poll shows just 20% of americans under 30 plan to enroll in a healthcare plan as part of the affordable care act. >> i would rather pay the fine. i don't know how much health insurance is but i know it's more than that. >> the white house is hoping 7 million americans will sign up by april. >>> millions have visited the affordable care act website to review options. some people say they will take their chances without it. a new gallup poll indicates that more than 25% of people say they are more likely to pay the government fine for refusing coverage than sign up for mandatory insurance. that's 28% of 48 million people in the country uninsured. >>> 6:09. define the odds. the northern california couple seeing triple. >> he is simple, funny and fun. >> a lunchtime turns into sho
FOX
Dec 4, 2013 7:00am PST
healthcare law. these are live pictures from the hearing. many people struggled to sign up for insurance following the launch of the national website in october. but the white house says problems with the site have been fixed and millions of people are expected to sign up for coverage in coming weeks. >>> just as president obama begins a three-week public relations campaign for the new healthcare law, another lawsuit was filed against the affordable care act. the university of notre dame filed a religious challenge to the healthcare overhall, saying the -- overhaul, saying the requirement that the health plans cover birth control violates roman teachings. this is one of more than 80 lawsuits attacking the law on religious grounds. it will be the supreme court who decides if employers can refuse to offer benefits under the law. but that ruling is not expected into well next year. >>> some legal experts say people hear in california should pay close attention to the provisions of the bankruptcy protection just granted for the city of detroit. the judge in that case ruled that detroit can i
CNBC
Dec 5, 2013 6:00am EST
interest rate decisions from the boe and the ecb. plap plap v . >>> is it safe to register at healthcare.gov. why the administration has been hush hush on what still needs to be done. intelligence committee chairman mike rogers joins us to explain. >>> breaking news from europe. decision on interest rates could move the markets. we'll bring you that decision and the market reaction. >> and 'tis the season. former toys r us ceo turned retail consultant gives the latest assessment of the holiday shopping season and the state of the consumer. "squawk box" begins right now. >>> good morning, everybody. welcome back to "squawk box" here on cnbc. i'm becky quick along with joe kernan, andrew's off this week. leaving interest rates unchanged. that is as we had been expecting. again, the bank of england leaving rates unchanged. right now, why don't we take a look at where the futures stand. this morning after four days of declines, you've seen that the futures have barely budged. obviously the market's going to be looking to see what happens with not only the jobless claims but also the big jobs
Bloomberg
Dec 5, 2013 8:00am EST
interview with hedge fund heavyweight title -- kyle bass. d.c. as goldman is in healthcare.gov sees a surge in users. signed a deal with china mobile to offer iphones on its vast network. we are joined with more perspective on what this possible deal that has not been announced yet would mean. tom, reports are rampant that they are just about to sign this deal. on the apple side, how big a boost is apple going to see if they did sign a deal with china mobile. >> yes, good morning, betty. a way i look at china mobile for apple, this is been a long, speculated catalyst, and the question was when, not if. withu look at china mobile 7 million subscribers, this could be a very big deal for apple, especially if it means they could be selling the devices as early as this month. figures thatcting could meaningfully be improved. >> this is a long time coming for china mobile. they have been losing out because they had not carry the iphone. >> the story there was it was with the china network -- the china mobile network, which is no longer the case. also, the idea that they will be rolling out 4g, wh
PBS
Dec 3, 2013 6:30pm PST
. >>> president obama trying to generate support for the revamped rollout of the trouble plagued healthcare.gov website saying the site is working well and warning critics that he will fight efforts to repeal the affordable care act. >> this law is working, and will work into the future. people want the financial stability of health insurance, and we're going to keep on working to fix whatever problems come up in any startup, any launch of a project this big that has an impact on 1/6th of our economy. whatever comes up, we're going to just fix it. >> administration released a new report showing that through that website nearly 1.5 million americans have now been found eligible for medicaid and that was during the month of october. >> still ahead on "nightly business report", we'll tell you about the company many are calling the big winner of black friday and cyber monday. >>> more numbers coming in for consumer spending over the long thanksgiving and black friday weekend. shopper track a provider of retail an lit ticks reports that sales rose 1% at brick and mortar stores during the four da
PBS
Dec 4, 2013 6:30pm PST
chanos, a -- healthcare.gov. reports of the short against the tech firm sent its shares down more than 3% to $34.99. >>> and the nation's largest dealership chain, auto nation reported a 13% gain in new vehicle sales for november. demand for domestic import and luxury cars rose by double digits. they say black friday powered the sales gain. >> if you look at the saling rate for the industry of annual and compare that to a selling rate of 15 million 2 for september and october, you see we really needed a big black friday, and we got it. >> and the stock jumped nearly 3% to $50.21. tyler? >> a new report from experian shows how americans are paying for all those new cars and pickup trucks we've been buying, with loan rates so low, new car buyers are taking out bigger loans with longer pay back periods. right now the average loan amount is nearly $28,000 and the average length of one of those loans has been stretched to five years and five months. >>> student loan debt is higher, too. a new report shows seven out of ten college graduates had to borrow money to wear the gap in gown in 2012 a
CNN
Dec 2, 2013 2:00am PST
. that is how the main obama care website fixer upper described the difference between healthcare.gov now and when it launched back on october 1st. jeff saying in a conference call on sunday the website now works smoothly for the vast majority of users. >> after clearinging through fewer than a hundred bucks through the month of october, the speed has more than tripled with more than 400 bugs fiched and eliminating critical glitches and making experience to the consumer experience better throughout the site. >> the administration says the obama care site can handle as many as 50,000 concurrent users and 800,000 consumer visits during the day. >>> they say the terror threat in the united states is growing. democratic senator dianne feinstein and mike rogers share that view. both said changing tactics and improving weapons make it harder right now to warn the war on terror. >> are we safer now than we were a year ago, two years ago in general? >> i don't think so. i think terror is up worldwide. the statistics indicate that. the fatalities are way up. the numbers are way up. there are new b
CNBC
Dec 2, 2013 1:00pm EST
on healthcare.gov this morning, you will find yourself waiting in a queue. they do now, as part of their technical fix, have a queueing system that will hold your place in line and get back to you. nonetheless, the site overwhelmed as we entered the peak pertain for people who want to enroll before january 1st. at this clinic in philadelphia, the queue clinic, hakeem has been helping people sign up. he says it is night and day on the site. over the last few days, he says, it's been very smooth and he's been able to help people sign up online start to finish and for a time has felt like he's making progress. >> it tax like two minutes to get the results. this is what ear eligible for, would you like to enroll, and choosing a pair, some plans and premiums. it works very well now. so it's exciting that people can come in and in like, half an hour, find insurance. it's rewarting. >> a sort familiar with the situation says in fact over the last month about 100,000 people have been able to select plans on the troubled healthcare.gov, as they've made improvements. add that to the 231,0
CNBC
Dec 3, 2013 9:00am EST
. it was progressively getting worse, and at that point i knew i had to do something. when i went back to my healthcare professional... that's when she suggested the lyrica. once i started taking the lyrica, the pain started subsiding. [ male announcer ] it's known that diabetes damages nerves. lyrica is fda approved to treat diabetic nerve pain. lyrica is not for everyone. it may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new, or worsening depression, or unusual changes in mood or behavior. or swelling, trouble breathing, rash, hives, blisters, changes in eyesight including blurry vision, muscle pain with fever, tired feeling, or skin sores from diabetes. common side effects are dizziness, sleepiness, weight gain and swelling of hands, legs and feet. don't drink alcohol while taking lyrica. don't drive or use machinery until you know how lyrica affects you. those who have had a drug or alcohol problem may be more likely to misuse lyrica. ask your doctor about lyrica today. it's specific treatment for diabetic nerve pain. to hear mor
FOX Business
Dec 2, 2013 9:20am EST
the healthcare.gov website is fixed, or is it? and the president is playing up the front end of the website. that's the front end, but the back end providing information for insurers far from ready for prime time. this from the wall street journal today. this weekend miracle defies other evidence such as the recent admission by an hhs official that 30 to 40% of the exchanges are still unfinished. that's the back end, not done yet. bottom line, you might be able to log on more easily, but pricing and paying for a plan, not running well. and who knows where your information is going? all of this talk of the website being fully operational could be the president's mission accomplished moment. maybe he'll try that. the markets keep hitting records and here comes the bubble talk. nobel prize winner is the latest to talk about a correction. who could that be? now, did you catch this from saturday's espn's popular college game day football tv show? a kid holds up this sign saying "hi, mom, send bitcoin" the sign includes an image that referenced the code of his on-line bitcoin account. it went viral. th
CNBC
Dec 2, 2013 7:00pm EST
healthcare.gov. that's a much better number than in october. but it's way worse than what a dozen or so state exchanges have signed up. today administration sources said by 5:30 p.m. eastern time, the site had 750,000 visits. it slowed down at times. some people got "please wait" messages, so-called queuing going on but no crashes or freezes. but there's the back-end problem. like amazon.com. to work, it has to kick out a command for a lightbulb to be sent to you. that's the back end. healthcare.gov has a back end that sends an 834 file to insurance companies. no one will reveal how many or what percentage. but too many of those 834 files are bad. hard to decipher? impossible to use, some of them. so people who think they have coverage on january 1st in fact might not. >> if health plans don't receive complete and accurate enrollment files, then consumers may not be enrolled and therefore their coverage wouldn't begin on january 1st. >> reporter: sources say a big problem has been found, a bug related to social security numbers and that it's being fixed. the white house warns people who think
Bloomberg
Dec 9, 2013 3:00pm EST
healthcare.gov. that means he gets no government subsidies, paying nearly $600 a month in premiums. others do not need to roll -- enroll because they are covered by other insurance. that includes ted cruz. he is covered by his wife's plan. she works at goldman sachs and her insurance is valued at some $20,000. he is by pat -- bypassing taxpayer help. i should point out his fellow texan governor, the only lawmaker choosing not to have health care at all next year. he says he is willing to pay the penalty. qwest thank you. -- >> thank you. the fcc has announced it has decided to push back its auction to try to make sure the software actually works. megan hughes joins us now from washington. deal is this whole thing? qwest it is a big deal for the wireless industry. the moment the first bid is placed at this auction, so, the original plan was for the fcc to publish auction rules by the end of this year in the spectrum 2014.n would be wheeler has pushed back until 2015. a new timetable will be voted on early next year. wheeler saying in a blog post, -- here is why it is important for the wireless
CNN
Dec 9, 2013 2:00am PST
to healthcare. now that we're expecting, i like the fact i can go onto angie's list and look for pediatricians. the service providers that i've found on angie's list actually have blown me away. find out why more than two million members count on angie's list. angie's list -- reviews you can trust. ♪ ♪ you're all alone friend, ♪ pick up the phone then. ♪ ring ring, call them up, ♪ tell them about the new trends. ♪ ♪ life with crohn's disease ois a daily game of "what if's". what if my abdominal pain and cramps come back? what if the plane gets delayed? what if i can't hide my symptoms? what if? but what if the most important question is the one you're not asking? what if the underlying cause of your symptoms is damaging inflammation? for help getting the answers you need, talk to your doctor and visit crohnsandcolitisinfo.com to get your complimentary q&a book, with information from experts on your condition. so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's
Bloomberg
Dec 9, 2013 5:00pm EST
. the government picks up about 75% of their premiums. the onlineet to use exchange, not the troubled healthcare.gov. john bane are signed up for an individual plan. his office that it took them several hours and he does not really like the end result. a new $800 a month premium went to factor in his wife's medicare. arey health and premiums going to double. m lopez tripled. i am thrilled to death as you can tell. tripled.pays i am thrilled to death as you can tell. >> do they lawmakers actually have to enroll? >> they don't. they can opt out but there is a possibility it would end up costing them more money. one is mark. he is facing a tough reelection fight. no government subsidy. his premium is nearly $600 a month. lawmakers do not need to enroll. they're covered by other insurance. one of the lawmakers is covered by the spouses plan. the wife works at goldman sachs. this is valued at about $20,000. democrats are not hesitating to make this a big issue. >> thanks very much. phil mattingly, our white house correspondent. for more insight, i am joined by john, the founder and chief executive of
FOX Business
Dec 9, 2013 11:00am EST
work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. so ally bank has a that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. dennis: everybody knows about facebook's like sports and deployed by users everywhere. and developers pitching the idea of a sympathize button for those not so cheery statuses like the ones about a deceased pet or a car accident. facebook apparently likes the idea, but so far has no plans to go through with it. take a look at shares of facebook trading up a little
CNBC
Dec 2, 2013 6:00am EST
-imposed goal for healthcare.gov. an obama adviser says the five-week emergency, quote, tech surge has doubled the capacity of the online portal. the site can handle 50,000 simultaneous users. but experts say major challenges remain. we'll talk to former hhs secretary michael leavitt in the next half hour. >>> amazon testing delivering packages using drones. could deliver packages that weigh up to 5 pounds, that represents 86% of packages amazon delivers. ceo jeff besos making the announcement on "60 minutes" last night. >> that's the earliest we could get the rules from the faa. my guess is that's probably a little optimistic. but could it be four, five years. >> amazon, the fellow online retailers had a lot on the line today, it's cyber monday, jon fortt joins us onset. your opinion on the drone story? >> well, i think it's possible to do. i worry that pranksters with -- >> my son showed me this. there's a guy that put a submachine gun on the helicopters and used it to destroy a car. the kids get these cool videos that are out there and he found this one. >> we hope he doesn't get angry one
CNBC
Dec 2, 2013 9:00am EST
,000 people were able to select plans on healthcare.gov. taking a look at the graphic, we have had the states which have confirmed to us their enrollment numbers about 230,000. so all told to date we have an estimated 330,000 people who have been able to select plans and or fully enroll in insurance. of course, simon, the big issue is whether or not all that paperwork, all of that technical back end situation is working well and that's what we'll be talking about coming up. back to you. >> thank you very much. >>> big news on the ipo front this morning. hilton worldwide is planning to return to the new york stock exchange next week under the ticker symbol hlt saying it will price 112 million shares and the beginning between 18 and $21 a share and raise about $2.37 billion valuing the company just over 20 billion and looks fairly conservative and may see that's raised. the company says that it will price after the close of trading on thursday, december 12th and start trading here presumably friday the 13th. the road show starts tomorrow. over to you. >> thanks so much. >>> we're joined by two
CNBC
Dec 2, 2013 2:00pm EST
five weeks, big tech surge, they doubled capacity on healthcare.gov, and as of this morning, 375,000 people trying to get on and trying to stop and sign on. the capacity they have, they've been going on this morning, have found themselves in a queueing system that holds their place in line, gets back to them when freed up, and lets them back in. supposedly the capacity is for 800,000 users a day. you can see just in the first few hours, but noon, according to reports, nearly 400,000 people had already tried to get on, so they are being swamped as people try to get in under the wire and try to enroll in health care that will start their coverage on january 1st. back to you. >> bertha, thank you very much. appreciate it. >>> 2013 shaped up to be an epic year for stocks and stock stories. it was tough, but i tried to narrow down the five most interesting stocks. number five, tempur sealy. watch out, 11 analysts have a price target that is $3 below where the stock is now. deckers outdoors, it's been on the rise, three times in the past decades it's collapsed by more than 60%. dangero
Bloomberg
Dec 6, 2013 8:00am EST
month since march, 2012. healthcare up 28,000. one area of weakness, financial activity is down 3000. up average weekly hours are 34.5. the bottom line, moore improvement, more traction in the labor market. the unemployed rate will get the attention of the federal reserve talk.art paper -- taper >> it is getting the attention of the markets. alix steel, do we see a rally? >> a little bit of a rally. it looks like investors are taking good news as good news. typically, you might think of good jobs number, perhaps the fed will taper, and that will be negative. we are not seeing that in the equity market. the treasury yields rising above 2.9% for the 10-year. on currencies, it is all about the stronger dollar. if the economy is getting that dollar will appreciate as you see a rising against the euro, against the ed, and against the pound. and againsthe yen the pound. in michaelo bring mckee. is there a reason to be excited? >> a couple of reasons. the whole report is good in terms of direction. some of the numbers are not up to where they were prior to the government shutdown, like the part
CNBC
Dec 4, 2013 7:00pm EST
healthcare.gov was? well, they didn't fix the back end. it's so screwed up that the federal government, the obama administration, can't pay the insurance companies their share of the subsidy premium. people get subsidies to help buy insurance and the federal government provides those. the administration hasn't built that part of the administration yet. here we are, it's almost january 1. the back -- almost none of the back part of the system works. they still can't transfer the enrollment records, the 834s accurately. as of monday they're making -- >> how can we go often? >> that's the key point, larry. >> they've opened up the front end and the back end. >> they never built this. >> scott, okay. i just don't understand how anybody -- how do you operate this kind of system? it's like a bowl of jello, for heavens sakes. nobody knows what it ought to be. nobody knows how much it's going to move around, but money is exchanging hands from the government through the insurance companies and now i guess it's going to get to the individuals. there's too much money washing going on here for my
FOX Business
Dec 4, 2013 4:00pm EST
: will be botched rollout of healthcare.gov keep americans from signing up? a busy day on obamacare inside the beltway. >> when you look at what is going on in washington especially with the obamacare numbers to administration makes the case the obamacare website problems have lowered enrollment numbers and a person familiar with the enrollment number says the administration declared november 1 or november 30 website was working for the majority of americans some 29,000 people were able to enroll in those first two days. republicans say those numbers are still way too low when you consider all the americans who have lost their assurance plan because the health care law them out. in a statement responding to those numbers says the system needs to be able to handle not only previously uninsured americans and rolling in the policies are canceled by the president's new health care law. president obama talking what income inequality continued selling his loss. president obama: it needs to work. [applauding] and as people and states as different as california and kentucky sign-up every single da
FOX Business
Dec 6, 2013 3:00pm EST
't seen one. is the president going to make this a priority at the level he made health-care or immigration and if so, when? >> the answer to the question of when is for the last two years the president has put on the table of very aggressive jobs bill that would invest in our infrastructure, roads and bridges, a human capital to make sure people have skills they need to succeed, immigration reform is a job creator passing immigration reform. amazing to me how much better we could be doing if we could make sure we provide certainty in washington rather than manufactured crises. liz: the federal reserve watch you guys, they watch this number and tied it when they might taper or hike interest rates to the unemployment rates which thankfully people would say happily enough kicked down 0.3% to 7.zero. their level is 6.5. one might argue we are not exactly within spitting distance but close enough. how closely do you watch what the fed is doing? they are watching what the labor department and these numbers do. >> we watch with great interest but also respect the independence of th
CNBC
Dec 4, 2013 1:00pm EST
contractor behind the glitch plate healthcare.gov website is up about 50% so far this year to date. back over to you. >> thanks, dom. >>> our next guest one of silicon valleys top venture capitalists scott, general partner at nea, the largest firm with $13 billion in committed capital and investors in 450 companies that have been sold or taken public, they include eight ipos this year, those so-called rare and coveted unicorn startups, each with billion dollar exits, scott joins us on "power lunch." welcome. a pleasure to have you here. >> thank you very much. great to be with you. >> you have invested in a number of companies that have been extremely successful. but we've seen a run up in the market right now and a lot of it is fueled by some of the tech companies. when you look at the landscape in silicon valley does it feel a little frothy to you, like 1999 all over again or no? >> sue, there are markets of froth here and there -- pockets of froth here and there in the private markets we invest in. some of the valuations that our companies have achieved in the public markets can be deemed
CNBC
Dec 4, 2013 3:00pm EST
, a big move today. the main contractor behind the glitch-plagued healthcare.gov website moving lower on news that short-seller james chanos it as han a big stake in this stock. intuitive surgical after recall for their davinc irobot. mcgraw hill with a buyback plan. deer offering buyback by $8 billion. las vegas sands, s&p 500 raised from triple b minus to double b plus raising it from junk bond to asset status. >>> bill gross may be the last you'd expect to praise investment fund index of fund pioneer jack bogle, founder of vanguard but his latest outlook does just that. bill gross joins us now. >> hi, kelly. nice to see you. >> nice to see you, too. if you read through the investment letter you just wrote, it's interesting. you talk about how you're worried financial conditions are generally bubbly, not sustainable, not going to end well. does this have something to to do with this move or admiration, almost, for passive index fund strategies? what's going on here? >> not really. you know, jack bogle's logic speaks to the market not being able to outperform itself. we know common s
CNBC
Dec 9, 2013 3:00pm EST
around. but it doesn't usually work that way with health care. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates so we can make better health decisions. that's health in numbers. unitedhealthcare. >>> welcome back. lots of action on cnbc.com to kick things off this week. what stories are the must reads? managing editor allen joins us. >> you know what's hot on the site right now? jay z. we have this great feature right now. talking about, you know, how all the mega sports agents kind of dissing a little bit when he took over for robinson cano. but he had the last laugh. he got that deal with the mariners. we took a look at it the money terms. jay z is announcing his presence in that field with authority. our readers are eating it up at the rate of over 100 a minute. the next up and this one -- you know how everybody accuses, oh, you put up the doom sxm gloom headlines. that's how you get readers. we have a good news story that's a solid number two on the website right now. and it's household net worth is at an all-time hig
FOX Business
Dec 2, 2013 11:00am EST
new highs. connell: the obama administration say it met its goal of a healthcare.gov work for the majority of users, but the problem is some of these insurance companies and states are looking for alternatives. dagen: it seems to work on the front end but not on the back end like getting your information to the insurance company will give you the insurance. more on this developing story. >> you got it. health insurance officials say that systems still have problems despite report from officials yesterday touting big improvements, hhs send the tech experts fixed 400 software bugs adding 12 huge servers to help handle the traffic last friday. with this is a website can handle 50,000 simultaneous users per hour were 800,000 users per day. they say the website is up and now more than 90% of the time compared 40% earlier in november. and all of this means the administration has met its goal of making the site work the vast majority of users. >> the bottom line, healthcare.gov on december 1 is night and day from where it was on now to be clear, they likely will be times even wit
CNBC
Dec 3, 2013 4:00am EST
. as of monday evening, the revamped healthcare.gov website has handled around 750,000 visitors, close to the site's daily capacity and processed 18,000 enrollments, nearly double the previous record. "the washington post" reports around a third of the people who signed up contained errors generated by the computer system. >>> and the house and senate negotiates are reportedly trying to finalize a small scale deal to replace requested cuts in the next two years. politico says under plans being discussed the discretionary spending would be set in the $1 trillion range for fiscal 2014, up slightly from the 967 billion in the budget control act, but less than the senate democrats want. talks could still collapse. house speaker john boehner is expected to pass a bill next week to fund the government if no budget deal is reached. >>> bp wins appeals over the 2010 gulf oil spill. the appeals panel says a lower court erred by approving that formula. >>> pointing and clicking, meanwhile, appear to be the preferred way to shop this holiday season. our very own hampton pearson has the numbers fr
FOX Business
Dec 3, 2013 9:20am EST
" bugs playing healthcare.gov enrollment. if you listen to the obama administration, it's running fine, thank you very much. the paper reports if you signed up for a health care plan using the federal exchange there's a good chance you might not be actually enrolled. one third of the applications may contain errors that will prevent the applications from being processed. that's chaos. today the president begins a new push to highlight all that's good about obamacare. 2:30 eastern he speaks. time is money and headlines here they come. they're all tech related. and according to a new report we find out what the mystery google barges are for and that the barges will be retail locations to sell in market, google glass. three in total. travel up and down the east and west coast. on-line is king, cyber monday sales at amazon up 44% year over year, ebay up 32%. and big money on-line shopping. question, what happens to the malls now? apple makes a play on twitter, buying up a firm that analyzes tweets. how much? a cool $200 million. and ups says, it, too, is working on a drone delivery system.
FOX Business
Dec 3, 2013 1:00pm EST
plagued with problems. -- healthcare.gov. every american deserves relief from it. >> yesterday, we were told over one million americans logged on to the website to shop again. this is after two months of trashing of the website and two months of efforts by our colleagues on the republican side to dismantle the affordable care act. >> white house officials say president obama and the white house will be selling different aspects. like you can keep your kids on their insurance until they're 26 years old. you can't be discriminated against for preexisting conditions. things like that, they will sell one a day for december 23rd, for the next three weeks. back to you. adam: rich edson, thank you very much. lori: well you remember edward snowden? so after he looked potentially the most sensitive material in u.s. history, well, many people all across the world rushed to insure their mobile security. our next guest, cofounder and ceo of the security app, wicker, develop ad way for millions to encrypt the most private cell phone interactions, all kinds of data. guess what, it is free. welcome to
FOX Business
Dec 5, 2013 11:00am EST
to figure out when they go to healthcare.gov and the exchanges is what plans are available and what drugs are in the form of various for the plans they are picking. we end up with a lot of sick people who think they will get the drugs they need or find out they have to pay a lot more to keep those drugs. cheryl: take the hiv drug, for example. the retail cost is $2200 per month. now if you go to cigna for example you will pay more than $1000 per month for that drug. humana also 800 million health care $55 per month. this information is not getting through to these consumers, are they going to have to figure out what information will get to the consumer, will they be liable to lawsuits if they start to sue because they were misinformed? >> it will be complicated because they do have a responsibility ultimately providing information about the plan, but here's the catch 22 and that example you just asked. you will prepare those based on that which is covered by basic plan. but you're also going to have to superimpose on that if your doctors are covered with those plans. suppose you a situati
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